There'S something else I'd like you to consider while we're

Question

There'S something else I'd like you to consider while we're

talking about engaging the miners. The assumption is that, just like with Bitcoin at the very beginning, only freaks and geeks (enthusiasts) would mine, because they understood the vision, correct? Therefore it is expected that those who go into mining a project understand it and want to support it by making it possible. Now it's impossible to recreate the original conditions when BTC came to be, so let's pretend a new PoW coin with exactly the same features as BTC arrives. Do you think its mining ecosystem would be the same as the one BTC has today, or that it would be dumped for profit? BTC, ETH, and some other ICO projects have a lot of capital and vested interest tied up in them, so that's a factor that puts the floor in.

#cryptocurrency #decred #english

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10.05.2022

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QuadraQ · Accepted Answer

QuadraQ

Like I said it’s not the same now as you can’t recreate the early mover advantage as you said. So you have to engage with the miners to get them on board and if you care about decentralization that means home miners which means either working with manufacturers to make ASICs available to everyone, or creating an ASIC resistant algorithm like ETHHASH to keep GPU mining viable.

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10.05.2022

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There'S something else I'd like you to consider while we're

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